What is a 538 credit score?

Your score falls within the range of scores, from 300 to 579, considered Very Poor. A 538 FICO® Score is significantly below the average credit score. Many lenders choose not to do business with borrowers whose scores fall in the Very Poor range, on grounds they have unfavorable credit.

What is a 600 credit score?

Your score falls within the range of scores, from 580 to 669, considered Fair. A 600 FICO® Score is below the average credit score. Some lenders see consumers with scores in the Fair range as having unfavorable credit, and may decline their credit applications.

What credit score do you need for Oportun loan?

Oportun is known for its very flexible credit score requirements. The credit score range that borrowers must fall into in order to be eligible for an Oportun loan is generally 300 – 700, but it will also approve people who have no credit. To be eligible for an Oportun loan, you must: Be 18 or over.

Is Fairstone easy to get approved for?

Fairstone is a trustworthy lending company that provides affordable loans to many Canadians with fair to good credit. It’s are one of the leading companies in Canada thanks to its flexible and versatile loans, as well as a and easy approval process.

What can I do with a credit score of 538?

The one thing anyone with a 538 credit score should do is open a secured credit card. Even if you don’t use it to make purchases, a secured card can help improve your score by adding positive info to credit report on a monthly basis. It won’t give you an emergency loan, though.

Can you buy a car with a credit score of 538?

You can get a car loan with a 538 credit score, but finding a willing lender or a low interest rate will prove difficult. With a 538 credit score, you’re in the subprime range of borrowers, meaning you’re high-risk. As a result, you’ll need to work with a lender that specializes in bad credit loans.

Is 570 a Good credit score?

Your score falls within the range of scores, from 300 to 579, considered Very Poor. A 570 FICO® Score is significantly below the average credit score.

What bank does Oportun use?

The lender for the Oportun Visa Credit Card is WebBank, Member FDIC, which is who reports your account behavior to nationwide credit bureaus.

Does Oportun do a hard inquiry?

If you decide to proceed with the loan application, Oportun will perform a hard credit inquiry at that time, which could lower your scores by a few points. When you apply, Oportun will prompt you to provide several documents.

Does Fairstone hurt credit?

No – our loan quote uses a soft credit check, meaning it won’t show up on your credit report or impact your credit score.

Is Fairstone predatory?

Fairstone is a high-interest lender, giving loans up to $20,000 at rates as high as 59% (after hidden fee’s, scams, and other predatory lending tactics). Fairstone was recently rebranded from CITI Financial. Why? CITI Bank was a leader in screwing over American’s with predatory mortgages.